SAYFR Gets $3m Backing from Nordic Venture Fund
The unique mix of data and digital solutions approach developed by safety culture specialist SAYFR has been given added momentum from the Nordic venture fund Corinthian Venture Partners (CVP).CVP has invested nearly $3m in SAYFR’s share issue to scale up SAYFR’s SaaS offering. This solution comprises unique data insights and a set of digital products which improve organizational safety culture, improvements that can help to save lives and reduce accidents and environmental pollution.
ROBOATS: MIT's Shape-Shifting Autonomous Boats
New capabilities allow “roboats” to change configurations to form pop-up bridges, stages, and other structures.MIT’s fleet of robotic boats has been updated with new capabilities to “shapeshift,” by autonomously disconnecting and reassembling into a variety of configurations, to form floating structures in Amsterdam’s many canals.The autonomous boats — rectangular hulls equipped with sensors, thrusters, microcontrollers, GPS modules, cameras, and other hardware — are being developed…
Maurel & Prom Buys Shell's Stake in Venezuela
Paris-based Maurel & Prom announced that it has acquired Shell Exploration and Production Investments' 40% interest as Shareholder B in Petroregional del Lago Mixed Company, which operates the Urdaneta West field in Lake Maracaibo, Venezuela.Maurel & Prom said further that all condition precedents have been satisfied and that the acquisition has been completed.The total consideration for the acquisition of Shell's shares in the Mixed Company is EUR70 million, funded from Maurel & Prom's existing cash resources and composed as follows: EUR47 million which have been paid at closing of the transaction, and EUR23 million payable in December 2019…
Igor Sechin Held Negotiations in Venezuela
Rosneft President Igor Sechin held talks with the Minister of Popular Power for Oil and Mining and President of Petróleos de Venezuela, SA (PDVSA ), Rafael Ramirez Carreno. The parties discussed a wide range of issues regarding current cooperation between the companies, Rosneft activities in Venezuela and the outlook of development of new projects. Currently Rosneft and PDVSA cooperate in the realization of 5 Joint Ventures in the upstream sphere in Venezuela. Project Carabobo-2,4 (JV Petrovictoria). JV PetroMonagas. Project Junin-6 (JV PetroMiranda). JV Boqueron. JV Petroperija. Total geological oil reserves of these projects are estimated more than 20.5 bln t.
ConocoPhillips Approves Corocoro Development Plan
Conoco Venezuela C.A., a unit of ConocoPhillips, and its partners have received approval for Phase I of the development plan for the Corocoro field in Venezuela's Gulf of Paria West area. The approval was granted by the Control Committee, comprised of representatives of the Ministry of Energy and Mines, Petróleos de Venezuela, S.A. (PDVSA) and the partners. The total investment for the Corocoro Phase I development is estimated at $480 million over the next three years. The development is expected to achieve average annual oil production of 55,000 gross barrels per day, with a gravity of 24.5 degrees API, approximately two and a half years after development begins. Additional phases will be considered based on the success of Phase 1.
